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More than $150 million has been wiped from the value of mining engineer Transfield Services as cost cutting in the mining sector sent its shares to a record low.The company has slashed its profit fore..
Optus' rollout of its 4G network is expected to reach 70 per cent of Australia's metropolitan population by the middle of 2014. The nation's second largest telco has expanded its 4G network to incl..
Australian stocks closed stronger, pushing above one per cent during the day but eased to around half a per cent higher by the finish.Investors initially took their cues from a positive finish on Wall..
From Tuesday, it will become a lot easier for investors to buy and sell a piece of the federal government's triple-A rated debt.Australia, like most developed countries, borrows money by issuing bonds..
The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment readi..
Property owner GPT Group has sold its 50 per cent stake in the Erina Fair shopping centre on the NSW central coast for $397 million.GPT made the sale as it looks to more-evenly balance its portfolio b..
Copper on the London Metal Exchange (LME) has closed higher, although earlier gains stalled in the European afternoon in a quiet trading session as the US dollar's strength resumed.Meanwhile, the pote..
Construction giant Leighton Holdings says it's not concerned about the recent woes of mining services companies due to its diverse business interests and cyclical nature of the industry.Mining service..
The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $US1.1 billion ($A1.13 billion), the Wall Street Journal reports. Yahoo! did not immediately return AFP..
US stocks have resumed their upward push with both the Dow and S&P 500 closing at new all-time highs following favourable US economic reports.The Dow Jones Industrial Average on Friday jumped 121.18 (..
The Australian share market closed higher on Friday, led by investors picking up cheaper mining stocks after heavy selling in recent days. The market was still slightly lower for the week. The m..
US stocks have opened in positive territory following gains in leading foreign markets.Five minutes into trade on Friday, the Dow Jones Industrial Average rose 55.13 (0.36 per cent) to 15,288.35.The b..
The Australian market finished lower as weaker commodity prices weighed on the nation's biggest mining stocks.RBS Morgans director of equities Bill Chatterton said big mining companies suffered the la..
Central Australian Phosphate's shares fell after Canadian gold miner Monument Mining withdrew from a two-way battle to take over the explorer.Monument has instead struck an $8.8 million deal to buy a ..
The Australian dollar has hit a fresh 11-month low as investors continue to pile onto its US counterpart.The currency fell to 98.28 US cents on Thursday afternoon, a level not seen since June 2012.By ..
Fish farmer Clean Seas Tuna's shares have risen more than 27 per cent after it forecast a $4 million to $6 million full year loss and said a profit was in sight.The result would be a significant 60 pe..
Meridian Energy has been confirmed as the second cab off the rank in the New Zealand government's asset sales program, but budget documents say nothing about plans for a selldown of Air New Zealand.Th..
Iron ore hopeful Brockman Resources is seeking access to Fortescue Metal Group's (FMG) rail infrastructure in the Pilbara region of Western Australia.The junior iron ore explorer has applied through t..
Foxtel says it will compensate its customers who did not receive a promised free television within 10 days as promised as part of a promotional offer.The pay television company has given an undertakin..
Virgin Australia's shares have tumbled following a profit warning issued by the airline after the market closed on Wednesday.Its shares closed eight cents, or 17.39 per cent lower, at 38 cents, making..
Australia's largest grains handler has reported one-third profit drop as regulators consider a takeover bid from an American food giant.While the earnings were weaker, Graincorp chief executive Alison..
US stocks closed at new all-time highs following a choppy day of trading on Wednesday as investors shrugged off more economic gloom from the eurozone. The Dow Jones Industrial Average rose 60.44 (0..
The Australian market closed lower as the big miners fell on lower commodity prices and downgrades of Chinese growth forecasts.The falls went against the flow after US, European and Asian markets post..
Building products supplier CSR has recorded a full-year statutory net loss of $146.9 million, including the write-down of its Viridian glass business.CSR's trading revenue for the year to March droppe..
Dexus Property Group has sold five of its six remaining European industrial properties for a total of 16.5 million euros ($A21.72 million).Dexus, which specialises in owning, managing and developing o..
